Fastned raises 3 million euro via Nxchange

Amsterdam, 23 May 2016. Fastned, which is building a pan-European network of fast charging stations for electric cars, has raised 3.07 million euro in fresh capital in the first five weeks of its listing on the new stock exchange Nxchange. 307,473 new certificates of shares have been issued at an issue price of 10.00 euro per certificate.

Fastned operates a network of 50 fast charging stations in the Netherlands. Revenue is increasing with more than 10% month-on-month. With more and more electric cars on the road in the Netherlands and other European countries there is a growing need to expand this network. The new funds will be used for the development of locations along highways, in large cities, and abroad.

Fastned anticipates rapid growth of the number of electric cars. The driving force is the rapidly falling price of batteries. In the next two years car manufacturers like Tesla, Nissan, Opel, Audi and Volkswagen will bring fast-charging electric cars with more than 300 km range to market. A European network of fast-charging stations allows drivers to cover large distances comfortably with an electric car of any brand.

In the Netherlands more than 6 million households do not have their own driveway and they depend on public charging infrastructure, one of the reasons why fast charging stations are necessary. With the new generation of cars and fast charging stations, 20 minutes of charging delivers enough energy to drive a week. Fast-charging stations in and around the major cities in China already show that this type of infrastructure makes electric cars accessible to a much larger group.

Kyra Hartlief

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About Fastned.EN

Fastned is building a European network of fast-charging stations where all electric cars can charge within 20 minutes. The stations are located at high traffic locations along the highways and in cities. This will give electric cars the freedom to drive across Europe. As of today, Fastned has 63 stations operational in The Netherlands and is working on expanding its fast charging network to the rest of Europe. Fastned is preparing the construction of fast charging stations in Germany, The United Kingdom and Belgium. Fastned is listed on the Nxchange stock exchange.

Fastned is rolling out its network of fast charging stations in response to the rapidly increasing numbers of EVs in Europe. Car manufacturers such as Tesla, Audi, Volvo, Aston Martin, BMW, Nissan, Mitsubishi, Porsche, Volkswagen, Mercedes, Ford, General Motors, Renault and other car manufacturers are investing billions of Euros in the development of, and production capacity for EVs. More and more EVs are hitting the roads, which drives the need for charging infrastructure. Fastned is responding to this development by building the service stations of the future. Co-founder and CEO Michiel Langezaal: “We are the Shell of the future, only our energy comes from the sun and the wind.”